How Much Can the Swiss National Bank Contribute to the Financing of the Swiss Old Age Insurance (AHV)?

20 Pages Posted: 13 Jun 2019

See all articles by Ernst Juerg Weber

Ernst Juerg Weber

The University of Western Australia - UWA Business School

Date Written: April 20, 2019

Abstract

The ageing of the Swiss population poses a challenge for the financing of the Swiss Old Age Insurance (AHV). It has therefore been suggested that the Swiss National Bank (SNB) transfer part of its assets to a new AHV demography fund, the income of which could be used to finance the AHV. In this paper it is argued that the SNB could contribute CHF 100 to 150 billion worth of assets to the AHV without restricting the scope for monetary policy.

Keywords: old age insurance, central bank assets, monetary policy, Schweizerische Alters- und Hinterlassenenversicherung (AHV)

JEL Classification: E00, E24, E50, E58, E60, E63, G22, H10

Suggested Citation

Weber, Ernst Juerg, How Much Can the Swiss National Bank Contribute to the Financing of the Swiss Old Age Insurance (AHV)? (April 20, 2019). Available at SSRN: https://ssrn.com/abstract=3396293 or http://dx.doi.org/10.2139/ssrn.3396293

Ernst Juerg Weber (Contact Author)

The University of Western Australia - UWA Business School ( email )

Crawley, WA 6009
Australia

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